Fundamental

Gold recovers from weekly lows reached near $4,850 on Tuesday, as buyers make another attempt to regain the $5,000 threshold this Wednesday.

EUR/USD’s latest push higher looks to have stalled a touch just north of 1.1900, where some light resistance is capping gains for the time being. Still, the bigger picture hasn’t really changed.

Gold buyers have been reluctant to give up, but XAU/USD’s behaviour suggests they may face a tough battle in the upcoming days.

The Australian Dollar (AUD) keeps its positive outlook well in place for now.

Silver continues to be very noisy as Monday is a holiday in the USA. The markets continue to see a lot of questions asked of it.

The gold market has been attracted to the $5,000 level for some time, and as we had a holiday on Monday, nothing seems to have changed.